Concentrated solar power is a technology that harnesses the sun’s energy potential and provides reliable renewable energy. It produces electricity on demand as well as provides dispatchable source of renewable energy. Concentrating solar power are widely used in residential, commercial, and industrial areas. Moreover, growing environmental concerns over carbon emissions, Government support and incentives to enable adoption of renewable technologies are some factors which driving the market of concentrating solar power.

However, the high cost of electricity generation, the lack of advanced technology higher payback time period are the major restraints of the global concentrating solar power market.

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The report for Global Concentrating Solar Power Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market.

Regional Outlook

Europe is expected to lead the concentrating solar power market in terms new projects, number of installation security of supply with an objective to reduce greenhouse gas emission. Moreover, government initiatives towards grid scale renewable power generation act as a primary driver for the growth of market in the Europe.

Whereas, Asia Pacific region will grow at good pace during the forecast period because major installations taking place in countries such as China and India. As well as construction of Asia’s largest concentrated solar power plant in the forecasted period pushing the market in this region.

Key Players

The major player operating in the market of Global Concentrating Solar Power are Areva Solar, Abengoa Solar S.A., SkyFuel Inc., eSolar Inc., BrightSource Energy Inc., Acciona S.A., SolarReserve LLC, Solar Millennium AG, SCHOTT Solar AG, TSK Flagsol

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